NSBL organized a symposium on ‘Navigating FATF Evaluation – Best Practices’

KATHMANDU: Nepal SBI Bank Ltd. (NSBL) successfully organized a symposium on “Navigating FATF Evaluation – Best Practices”, emphasizing effective implementation of AML-CFT measures and institutional coordination as Nepal prepares for the FATF evaluation.

The event was graced by Dr. Neelam Dhungana Timsina, Dy. Governor, Nepal Rastra Bank (NRB). Mr. Gajendra Kumar Thakur, Director General, Department of Money Laundering Investigation and senior officials from government and law enforcement agencies, senior officials from NRB, CEOs of commercial banks and guests from other related entities were also present in the program.

During the program, Dy. Governor, Dr. Neelam Dhungana Timsina highlighted the importance of the symposium in relation to Nepal’s FATF evaluation.

The symposium was facilitated by Mr. Ramakrishna Susarla, an AML-CFT & Compliance Expert and a former Executive of the State Bank of India who shared valuable insights and international best practices on AML- CFT measures and FATF evaluation relevant to Nepal’s financial sector.

Mr. Ram Kumar Tiwari, Managing Director & CEO, NSBL, Mr. Vikas Anand, Dy. CEO & Chief Operating Officer, NSBL, Mr. Rajesh Kumar Panda, Chief Financial Officer, NSBL and other senior officials from NSBL were also present during the program.

The event concluded with a shared commitment among stakeholders to strengthen Nepal’s AML-CFT framework through coordinated action and adherence to global compliance standards.

The symposium marked the new initiative by a financial institution in Nepal.

The Bank has been rendering its banking services since last 32 years. Currently, the bank has been operating through its 101 Branches, 22 Extension Counters, 7 Province Offices, 20 Branchless Banking, 125 ATMs and a Corporate Office.